Bloomberg News

L’Oreal Seeks to Appoint Nestle CEO, Bettencourt Member to Board

March 02, 2012

L’Oreal SA (OR), the world’s largest maker of cosmetics, said it will seek to appoint to its board Nestle SA (NESN) Chief Executive Officer Paul Bulcke, Christiane Kuehne, head of Nestle’s food strategic business unit and Jean- Victor Meyers, the grandson of L’Oreal heiress Liliane Bettencourt.

L’Oreal will propose the appointments at its annual general meeting on April 17, it said today in an e-mailed statement. Nestle executives Werner Bauer and Francisco Castaner Basco, whose tenures as L’Oreal board members expires after the meeting, have not requested the renewal of their appointments, L’Oreal said.

To contact the editor responsible for this story: Andrew Roberts at aroberts36@bloomberg.net


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